Potash market collapse raises questions about BHP’s $16b bet
Brad ThompsonReporter
The global potash market is seriously oversupplied and prices will keep falling despite a 13 per cent slide since the start of the year, economists at Rabobank have warned, in a blow for BHP’s multibillion-dollar ambitions to expand into the sector.
The agribusiness lending specialist said the price of potash – which is primarily used as fertiliser – could fall so low that some producers will need to cut their output.
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